India’s Banks & Trading Houses Only Receiving 10% of Gold Orders

Posted by SRSrocco in News, Silver Members on May 13, 2013 — 15 comments

The recent takedown in the price of gold has created huge demand for physical bullion worldwide.  India’s wholesale buyers are only receiving a tenth of the gold imports that they have ordered. According to The Economic Times India article: Haresh Soni, chairman of the All India Gem and Jewellery Trade Federation, said banks and trading houses…

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